$BTC Market Cap Could See $25 Boost Per Dollar From Sovereign Investment
Glassnode research reveals that each dollar invested by sovereign allocators could amplify
$BTC market cap by up to $25 short-term.
Long-term impact estimates show a $1.70 market cap increase per dollar of sovereign investment over full cycles.
Over 30% of the
$BTC supply is now held by just 216 centralized entities including ETFs, exchanges, and corporate treasuries.
Countries like El Salvador, Bhutan, and the United States hold
$BTC in inactive wallets with no spending behavior patterns.
The U.S. Strategic Bitcoin Reserve launch has transformed
$BTC perception as a
#sovereign reserve asset.
More than 75% of
$BTC trading volume occurs through off-chain venues like centralized exchanges and ETFs.
This structural shift highlights #institutional adoption momentum and growing centralization in custody infrastructure.
